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A Localization Strategy Is Most Appropriate in Industries Where the Pressures

question 46

True/False

A localization strategy is most appropriate in industries where the pressures for cost reduction are significant.


Definitions:

Supply

The total amount of a good or service available for purchase at all possible prices in a given market, at a given time.

Price

The price in terms of money that is predicted, necessary, or paid for an object.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.

Corn-based Ethanol

Ethanol produced from corn as a biomass through a fermentation process, primarily used as a biofuel additive for gasoline.

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